about

Business Idea

BitCar- aims to democratize the world of rare and exotic car ownership. Traditionally, luxury vehicles are reserved for very wealthy individuals. With BitCar, however, luxury car ownership extends to the middle class. If you can purchase a BitCar token, then you can buy a tokenized representation of a luxury car.

 

The creators of BitCar claim their platform will only target high-end exotic vehicles, including cars with a minimum value of around $650,000 USD and higher.

 

Obviously, most people don’t have a spare $22 million in their checking account. That’s where BitCar sees an opportunity. By pooling the money of multiple investors together, BitCar can increase participation in the luxury car sales market.

 

BitCar will acquire and store exotics, then sell the cars after a 5 or 10 year term. The cars will be stored in a location that’s accessible to the public, which means investors can check on the status of their assets.

 

After the 5 or 10 year term is over, the vehicles are sold, and any returns are passed to token holders. During the term, token holders can also trade currencies in a peer-to-peer way. If you want to sell your luxury car investment, for example, then you can do that as easily as trading a digital token on any exchange.

 

ICO release of  175 million tokens   (1 BITCAR = 0.10 USD)

 

The final allocation:

 

  • 50% Token Generation Event
  • 12% Platform Growth Incentivisation. User Acquisition & Partnerships.
  • 11% Company Token Reserve
  • 8% Bounty Campaign Early Backers
  • 19% Team Founders & Future Employees

 

Can’t participate: Singapore.

 

Pros

  • Strong team based on information provided on website.
  • For people who occupy exclusive cars this platform will be needed. But how to embrace other investors this task is to be solved by the team

 

Cons

 

Many members of the team, according to the data from Linkedin, work simultaneously in three or four companies. We do not understand how to create a platform and a company working simultaneously in three more.

 

Social Media

 

Twitter – 4 600 k followers, five posts a day. On average, over 30 retwitts and 30 – 20 likes per post.

Telegram - 2040 members with hi activity, the admins are answering actively to member’s questions.

 

News

 

Crowd Sale :  January 31 – 20 April

Accepts: ETH, BTC, LTC

Q1 2018: Preparations

Update to software development and decentralized Platform testing will begin.

Q2 2018 Getting ready

Marketing of Bitcar and incentivization of partners will start.

Q3 2018 Go!

Updated Platform will be released and trading launched.

Q4 2018 Get the trophy

Gamification of the BitCar Platform begins, and a BitCar Leaderboard is established. The best performing users get rewarded!

Q1 2019 Enjoyment

Trading volume accelerates volume of Exotics increases rapidly.

Q2 2023 Win!!

Potentially first Exotic sold from Platform.

 

Team

 

Daniel Woodroof – Executive. Daniel is a race-winning national formula car champion having progressed from a successful karting career into international motorsports including formula and GT car racing. As an Entrepreneur Daniel has worked in the technology sector with Ledger Assets, to develop BitCar’s technology and plans. He brings his wealth of experience for high performing and rare exotics with commercial technology to BitCar.

Charles Kilborn – International Engagement. Charles is a success-driven executive with over 25 years of experience in enterprise strategy, turnaround, operations management, corporate finance and business development. He is an industry-recognized leader in the development, implementation and integration of technology infrastructure.

Sheree Ip – Legal & Blockchain Development. Sheree formerly practised as a Commercial Lawyer and Litigator, and leverages her four years of experience in blockchain technologies and cryptocurrencies to provide a strong commercial background in BitCar. Sheree leads the team in new product development on compliance from design architecture through to the implementation phase and leads the BitCar marketing campaign.

Alasdair Penman – Software & Blockchain Engineer. Alasdair is a full stack blockchain developer at BitCar. He performs the design and analysis, coding and unit/integration testing on the BitCar Platform. Collaborating with the business to prioritise key technical initiatives, Alasdair utilizes his expert knowledge from positions at Ledger Assets and BitCar to provide technical guidance, in all phases of the software development lifecycle.

Meet Julia Buchholz, Digital Advertising & Marketing Strategist

Meet Dr. Gov Van Ek, Co-founder

review conclusion

Using luxury vehicles as an investment may seem strange, but the makers of BitCar claim that these cars are a better investment than many people realize: “Historically, the value of collector cars and exotics have outstripped property prices and gold, making them a solid wealth creation vehicles.”

milestones

Preparations Update to software development and decentralized Platform testing will begin.

Mar, 2018

Go! Updated Platform will be released and trading launched.

Sep, 2018

Enjoyment Trading volume accelerates volume of Exotics increases rapidly.

Mar, 2019

Getting ready Marketing of Bitcar and incentivization of partners will start.

Jun, 2018

Get the trophy Gamification of the BitCar Platform begins, and a BitCar Leaderboard is established. The best performing users get rewarded!

Dec, 2018

Win!! Potentially first Exotic sold from Platform.

Jun, 2018

team

Dr. Gov van Ek

John Bulich,

Alasdair Penman

Software & Blockchain Engineer

Charles R. Kilborn

International Engagement

Daniel Woodroof

Executive, Communications & Strategic Partnerships,

Julia Buchholz

Digital Advertising Strategist